CANCOM: Extraordinary General Meeting of Pironet AG approves transfer of minority shareholders' shares to CANCOM SE
January 11, 2019 at 11:50 am EST
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DGAP-News: CANCOM SE / Key word(s): AGM/EGM/Squeeze Out
CANCOM: Extraordinary General Meeting of Pironet AG approves transfer of minority shareholders' shares to CANCOM SE
11.01.2019 / 17:45
The issuer is solely responsible for the content of this announcement.
CANCOM: Extraordinary General Meeting of Pironet AG approves transfer of minority shareholders' shares to CANCOM SE
Munich, Germany, 11 January 2019 - An Extraordinary General Meeting of Pironet AG, a subsidiary of CANCOM SE, was held in Munich on January 10, 2019. As the majority shareholder of Pironet AG, CANCOM SE filed a motion at the General Meeting to transfer the shares of the minority shareholders to CANCOM SE against payment of a cash settlement of EUR 9.64 per Pironet share. Based on this settlement price, the cash settlement to be paid by CANCOM SE to the minority shareholders of Pironet AG amounts to approximately EUR 6.9 million.
The proposal was approved by the General Meeting of Pironet AG. In addition, the General Meeting resolved to relocate the registered office of Pironet AG from Cologne to Munich.
About CANCOM
As a Digital Transformation Partner, CANCOM accompanies companies into the digital future. The CANCOM Group's range of IT solutions includes consulting, implementation, services and the operation of IT systems. Customers benefit from the extensive expertise and an innovative portfolio that covers the IT requirements of companies necessary for a successful digital transformation, for example with business solutions and managed services for IT trends such as cloud computing, analytics, enterprise mobility or security.
The worldwide more than 3,000 employees of the internationally active CANCOM Group and an efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland, Belgium, the United Kingdom and the U.S.A. The CANCOM Group is led by Thomas Volk (CEO), Rudolf Hotter (COO) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM has an annual turnover of over one billion euros and its parent company, CANCOM SE, is listed on the TecDAX and SDAX of the Frankfurt Stock Exchange (ISIN DE0005419105).
11.01.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
CANCOM SE
Erika-Mann-Straße 69
80636 Munich
Germany
Phone:
+49-(0)89/54054-0
Fax:
+49-(0)89/54054-5119
E-mail:
info@cancom.de
Internet:
http://www.cancom.de
ISIN:
DE0005419105, DE0005419105
WKN:
541910, 541910
Indices:
SDAX, TecDAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
Cancom SE is a German provider of Information Technology (IT) infrastructure and services. The Company diversifies its activities into two business segments: Cloud Solutions and IT Solutions. The Cloud Solutions business segment comprises CANCOM Pironet AG & Co, Pironet AG and synaix Service GmbH, among others. It mainly comprises the Company's Group cloud and shared managed services, including project-related cloud hardware, software and services. The IT Solutions business segment includes CANCOM GmbH, CANCOM ICT Service GmbH and CANCOM SCS GmbH, among others. It offers IT infrastructure and applications support. The range of services provided by the Company's IT Solutions segment includes IT strategy advice, project planning and implementation, system integration, maintenance, training and other IT services, including operation of entire IT departments. The Company is active primarily in Germany and Austria.